FTC Solar, Inc. (NASDAQ:FTCI) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its position in shares of FTC Solar, Inc. (NASDAQ:FTCI - Free Report) by 73.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,090 shares of the company's stock after selling 71,681 shares during the quarter. Jane Street Group LLC owned 0.20% of FTC Solar worth $144,000 as of its most recent SEC filing.

Insider Buying and Selling

In related news, Director Ahmad R. Chatila acquired 16,740 shares of FTC Solar stock in a transaction dated Wednesday, April 2nd. The stock was acquired at an average price of $2.93 per share, for a total transaction of $49,048.20. Following the transaction, the director now owns 1,984,708 shares of the company's stock, valued at $5,815,194.44. This represents a 0.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 24.90% of the stock is owned by corporate insiders.

FTC Solar Trading Up 4.1%

FTCI stock traded up $0.17 during midday trading on Friday, hitting $4.30. 48,380 shares of the company's stock were exchanged, compared to its average volume of 266,444. FTC Solar, Inc. has a 1-year low of $1.76 and a 1-year high of $7.40. The business has a 50-day simple moving average of $3.31 and a two-hundred day simple moving average of $3.49. The stock has a market capitalization of $56.26 million, a PE ratio of -1.13 and a beta of 1.35.

Analysts Set New Price Targets

A number of brokerages have recently commented on FTCI. HC Wainwright raised their price objective on shares of FTC Solar from $1.50 to $5.00 and gave the stock a "buy" rating in a research note on Tuesday, April 8th. UBS Group dropped their price target on shares of FTC Solar from $4.00 to $3.50 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Roth Mkm lifted their price objective on shares of FTC Solar from $3.00 to $3.50 and gave the company a "neutral" rating in a report on Friday, May 2nd. Finally, Roth Capital set a $3.00 price target on FTC Solar in a report on Tuesday, April 1st.

FTC Solar Profile

FTC Solar, Inc engages in the provision of solar tracker systems, software, and engineering services in the United States, Asia, Europe, the Middle East, North Africa, South Africa, and Australia. The company offers a self-powered, two-panel in-portrait, and single-axis tracker solution under the Voyager brand name; and a one module-in-portrait solar tracker solution under the Pioneer brand name.